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Global Inspection Cameras Market to Reach $2.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Inspection Cameras estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at a CAGR of 8.5% over the analysis period 2020-2027. Ultraviolet, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$1.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Infrared segment is readjusted to a revised 9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $416.2 Million, While China is Forecast to Grow at 11.4% CAGR
The Inspection Cameras market in the U.S. is estimated at US$416.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$563.6 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$385.1 Million by the year 2027.

Visible Segment to Record 8.3% CAGR
In the global Visible segment, USA, Canada, Japan, China and Europe will drive the 8.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$322.3 Million in the year 2020 will reach a projected size of US$543.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 9.7% CAGR through the analysis period.